Shops for Rent on Kam Ping Street, Hong Kong

Why rent a shop on Kam Ping Street, North Point, Hong Kong?

Renting a shop on Kam Ping Street in Hong Kong offers a strategic advantage due to its prime location in North Point, a vibrant neighborhood on Hong Kong Island with excellent public transport connections including being just a few minutes walk from the MTR. Kam Ping Street is known for its unique mix of local charm and emerging business opportunities, hosting a variety of shops and eateries that attract steady foot traffic from residents and visitors seeking authentic dining and shopping experiences. The area also benefits from recent developments such as the opening of the SF Business Station, enhancing logistics and convenience for retail operations. Additionally, the street’s character as a pedestrian-friendly lane surrounded by diverse businesses makes it an appealing spot for shop rental, promising accessibility, visibility, and a local customer base that supports small to medium enterprises. This combination creates a promising environment for businesses looking to establish or expand in Hong Kong’s competitive market.

How much does it cost to rent a shop on Kam Ping Street, North Point, Hong Kong?

The cost to rent a shop on Kam Ping Street in North Point, Hong Kong varies significantly depending on the size, location, and condition of the property. Small retail spaces of around 200-400 square feet typically range from HK$25,000 to HK$45,000 per month, while larger ground floor shops spanning 500-800 square feet can command monthly rents between HK$50,000 to HK$80,000. Premium corner units or shops with excellent street frontage on Kam Ping Street may cost upwards of HK$100,000 per month. The rental rates in North Point are generally more affordable compared to Central or Causeway Bay, making Kam Ping Street an attractive option for small businesses and local retailers. Additional costs include management fees, rates, government rent, and utility deposits, which can add approximately 10-15% to the base rental amount. Market conditions, lease terms, and the specific segment of Kam Ping Street also influence pricing, with properties closer to North Point MTR station typically commanding higher rents due to increased foot traffic and accessibility.

What's the foot traffic like on Kam Ping Street, Causeway Bay, Hong Kong?

Kam Ping Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, Kam Ping Street benefits from its proximity to major shopping centers like Times Square and Sogo, which drives consistent pedestrian flow along the street. The foot traffic typically increases during lunch hours as office workers from nearby buildings visit the numerous restaurants and cafes, while evenings see a surge of shoppers and diners exploring the street's retail outlets and dining establishments. Weekend foot traffic on Kam Ping Street tends to be heavier due to leisure shoppers and tourists exploring Causeway Bay's attractions, though the street generally maintains steady pedestrian activity throughout the week. The street's strategic location within the Causeway Bay shopping district, combined with its mix of retail stores, restaurants, and services, ensures that Kam Ping Street remains a well-trafficked pedestrian corridor that serves as both a destination and thoroughfare for people navigating this vibrant Hong Kong neighborhood.